Speedy Sales: The Quick Turnaround of Housing Transactions

If you've been considering selling your house, there's some encouraging news. While the housing market isn't as hyperactive as it was during the peak years when homes were flying off the shelves, they're still moving quicker than usual.

The graph below, utilizing data from Realtor.com, illustrates the median days on the market for each January starting from 2017 up to the most recent data available. According to Realtor.com, "days on the market" refers to the duration from when a house is listed for sale until its closing date or the date it's removed from the market. This metric offers valuable insights into the pace at which homes are selling compared to more typical years:

When you look at the most recent data (shown in green), it's clear homes are selling faster than they usually would (shown in blue). In fact, the only years when houses sold even faster than they are right now were the abnormal ‘unicorn’ years (shown in pink). According to Realtor.com:

“Homes spent 69 days on the market, which is three days shorter than last year and more than two weeks shorter than before the COVID-19 pandemic.”

What Does This Mean for You?

Homes are selling faster than the norm for this time of year – and your house may sell quickly too. That’s because more people are looking to buy now that mortgage rates have come down, but there still aren’t enough homes to go around. Mike Simonsen, Founder of Altos Researchsays:

“. . . 2024 is starting stronger than last year. And demand is increasing each week.”

Bottom Line

If you’re wondering if it’s a good time to sell your home, the most recent data suggests it is. The housing market appears to be stronger than it usually is at this time of year. To get the latest updates on what’s happening in our local market, let’s connect.

67 Properties
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$789,000
Neighborhood: Wellen Park Golf & Country Club
3
Beds
2
Baths
2,078
Sq.Ft.
2023
Year Built
3
Days on Site
A4613911
MLS
$1,115,308
Neighborhood: Wellen Park
3
Beds
3
Baths
2,880
Sq.Ft.
2024
Year Built
5
Days on Site
T3533589
MLS
Open 6/15
11591 Myakka Blue Dr Venice,  FL 34293
$659,937
Neighborhood: Brightmore At Wellen Park
2
Beds
2
Baths
1,909
Sq.Ft.
2023
Year Built
13
Days on Site
T3531279
MLS
$668,748
Neighborhood: Brightmore At Wellen Park
2
Beds
2
Baths
1,991
Sq.Ft.
2024
Year Built
14
Days on Site
T3531100
MLS
$539,199
Neighborhood: Brightmore At Wellen Park
2
Beds
2
Baths
1,687
Sq.Ft.
2024
Year Built
14
Days on Site
T3531157
MLS
$595,568
Neighborhood: Brightmore At Wellen Park
2
Beds
2
Baths
1,687
Sq.Ft.
2024
Year Built
14
Days on Site
T3531181
MLS
$719,560
Neighborhood: Brightmore At Wellen Park
2
Beds
2F11/2
Baths
2,193
Sq.Ft.
2024
Year Built
14
Days on Site
T3531215
MLS
$474,000
Neighborhood: Wellen Park Golf And Country Club
2
Beds
2
Baths
1,569
Sq.Ft.
2023
Year Built
15
Days on Site
C7493272
MLS
$954,990
Neighborhood: Avelina Wellen Park Village F-2
4
Beds
3F11/2
Baths
2,762
Sq.Ft.
2024
Year Built
18
Days on Site
A4611441
MLS
Open 6/15
20225 Symphony PLACE Venice,  FL 34293
$431,065
Neighborhood: Renaissance At Wellen Park
2
Beds
2
Baths
1,431
Sq.Ft.
2024
Year Built
19
Days on Site
T3530050
MLS
$949,000
Neighborhood: Avelina Wellen Park Village F-2
4
Beds
3F11/2
Baths
2,751
Sq.Ft.
2023
Year Built
24
Days on Site
N6133083
MLS
$379,900
Neighborhood: Renaissance At Wellen Park
2
Beds
2
Baths
1,431
Sq.Ft.
2023
Year Built
24
Days on Site
N6132157
MLS

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